22-11-605. School awards program fund - creation - contributions.

Statute text

(1) The department is hereby authorized to receive gifts, grants, and donations from any source, public or private, to fund financial awards to public schools pursuant to the program established in this part 6. The department shall transmit all public and private gifts, grants, and donations received pursuant to this section to the state treasurer who shall credit the same, in addition to any appropriations made by the general assembly and the amount transferred pursuant to subsection (3) of this section, to the school awards program fund, which is hereby created in the state treasury and referred to in this section as the "fund".

(2) Moneys in the fund shall be subject to annual appropriation by the general assembly to the department for purposes of making financial awards pursuant to the provisions of this part 6. At the end of any fiscal year, all unexpended and unencumbered moneys in the fund shall remain in the fund and shall not be credited or transferred to the general fund or any other fund. However, in accordance with section 24-36-114, C.R.S., all interest derived from the deposit and investment of moneys in the fund shall be credited to the general fund. Any moneys credited to the fund shall be used exclusively for awards and shall not be used to pay for the expenses of the department in administering the program established in this part 6.

(3) On July 1, 2009, the state treasurer, pursuant to section 22-7-908 (4) (b), shall transfer from the read-to-achieve cash fund created in section 22-7-908 to the school awards program fund the amount of two hundred fifty thousand dollars to be awarded pursuant to section 22-11-603.5 as "Centers of Excellence Awards".

History

Source: L. 2009: Entire article R&RE, (SB 09-163), ch. 293, p. 1519, 1, effective May 21; (1) amended and (3) added, (SB 09-256), ch. 294, p. 1567, 32, effective May 21.

Annotations

Editor's note: (1) This section is similar to former 22-11-304 as it existed prior to 2009.

(2) Section 45(b) of chapter 294, Session Laws of Colorado 2009, provides that amendments to subsection (1) and subsection (3) are effective upon passage only if Senate Bill 09-163 is enacted and becomes law. Said bill was signed by the governor May 21, 2009.

ARTICLE 12
TEACHER AND SCHOOL ADMINISTRATOR
PROTECTION ACT

 

Section

22-12-101. Short title

22-12-102. Legislative declaration.

22-12-103. Definitions.

22-12-104. Liability.

22-12-105. False reports - misdemeanor.

22-12-106. Frivolous actions - attorney fees - costs.

22-12-107. Insurance.

22-12-108. Applicability.

22-12-109. Special rule.